Beyond what you pay for food and consumer goods, inflation impacts your balance sheet. Many income tax rates, exemptions and deductions are adjusted each year for inflation. The annual inflation ...

In a video on social media, a mathematician has outlined an ingenious method for saving a four-figure sum each year.

Whatever you decide to use, you can adjust it for inflation. This is called your real rate of return, while the unadjusted estimate is called your nominal rate of return. While the formula is ...